Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition

v3.22.2
Revenue Recognition
3 Months Ended
Jun. 30, 2022
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
Disaggregation of revenue
The following table is a summary of the Company’s total revenues by geographic region (in thousands, except percentages):
Three Months Ended June 30,
2022 2021
Amount % Amount %
North America $ 156,749  59  % $ 112,772  53  %
Europe, Middle East and Africa 70,148  26  % 67,044  32  %
Asia Pacific 26,095  10  % 22,136  11  %
Latin America 14,281  % 7,788  %
Total revenue $ 267,273  $ 209,740 
For the three months ended June 30, 2022 and 2021, the United States was the only country that represented more than 10% of the Company’s revenues in any period, constituting $147.5 million and 55% and $104.5 million and 50% of total revenue during the three months ended June 30, 2022 and 2021, respectively.
Deferred revenue
Revenues recognized during the three months ended June 30, 2022 and 2021, which were included in the deferred revenue balances at the beginning of each respective period, was $258.5 million and $185.1 million, respectively.
Remaining performance obligations
As of June 30, 2022, the aggregate amount of the transaction price allocated to remaining performance obligations was $1,529.6 million, which consists of both billed consideration in the amount of $634.3 million and unbilled consideration in the amount of $895.3 million that the Company expects to recognize as subscription and service revenue. The Company expects to recognize 57% of this amount as revenue over the next twelve months and the remainder thereafter.